Patton Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports, During May, the company budgeted for 8,000 units, but its actual level of activity was 8,050 units. The company has provided the following duta concerning the formulas used in its budgeting and its actual results for May: Data used in budgeting Fixed cost per month Variable cost per unit $35.50 Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses Total expenses 0 0 37,000 26,800 $63,800 $ 6.10 12.10 1.80 0.80 $20.80 Actual results for May Revenue $284,500 Direct lobor $ 48, 530 Direct materiale $92,330 Manufacturing overhead $ 50.000 Selling and administrative expenses S 30,600 The revenue variance for May would be closest to: Multiple Choice $500 U O $500 F O $1,275 F $1,275 U